Solar panels are generally sold per watt. When it gets five hours of sun direct, a 300 watt panel generates 547.5 kilowatts worth of electricity. However, in winter the solar power produced will be much lower than it is in summer.
The cost of solar panel installation will vary depending on the location, climate, number of bedrooms, and other factors. For example, the east coast is less exposed to sunlight than the west. The midwest also receives five hours more sunlight per day than the six hours that the west coast receives. Also, solar panels will need to be installed on a second-story roof. These roofs will cost more than flat roofs.
Depending on how large your solar panel system is, you could save as much as $30,000 over its lifetime. A variety of tax incentives and credits can also reduce the cost of solar panels. These tax credits and incentives are available in many different states. The tax credits can cover between 26%-22% of the price of a solar system. Solar panel systems can also be eligible for state or local tax credits in addition to federal credits.
The cost of solar panels also varies depending on the size of the system and the type of equipment used. Solar panels cost for a 2,000-square-foot house will run between $18,500 and $42,000. The cost of solar panels for a 3,500 square foot house will range from $19,000 to $32,000.
The amount and size of the sunlight in your area will determine how big the solar panel system that you need. The best panels produce more electricity per watt than ordinary solar panels. The panels are available for purchase in cash or financing. The majority of solar panels come with a 25-30 year warranty.
Commercial solar will have a lower cost per watt due to economies of scale. Apart from solar panels, a commercial solar system's cost will include solar contractors fees, installation and solar modules. Depending on the size of your commercial solar system, the cost per watt will range from $2.87 to $3.22.
For commercial solar systems, there are tax incentives. These include the Class43.2 Accelerated Cost Cost Allowance that can help you get a higher rate of return. Commercial customers might also be eligible to benefit from community solar programs, in addition to tax credit. Numerous energy companies also offer local rebates on renewable energy equipment. Commercial solar cost will depend on how big the system is, what type of equipment it is, and where it is located.
A 5,000 watt solar panel costs $5,600 to $6,000. This cost will include the solar panels, the inverter, and other parts. For roofs made of ceramic tile or slate, installation costs are more expensive. The cost of a 20-kilowatt solar panel install will be between $15,170 and $24,500.